Industry ranking
From 2018 to 2023, the average time taken for JOHNSON & JOHNSON MEDICAL LIMITED to pay invoices has increased from 33 days to 45 days. However, there was a decrease in 2022 where the average time decreased to 47 days before increasing again in 2023.
The most volatile period for JOHNSON & JOHNSON MEDICAL LIMITED was in 2021 where there was a significant increase in the percentage of invoices paid later than 60 days and not paid within agreed terms. This was also the period with the highest average time taken to pay invoices.
Between 2018 and 2020, there was a slight increase in the percentage of invoices paid within 30 days and a slight decrease in the percentage of invoices paid between 31 and 60 days. However, in 2021 there was a significant decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. This trend continued in 2022 and 2023.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 28 Jan 2026 | 50 | 27% | 41% | 32% | 10% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 46 | 25% | 57% | 18% | 17% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 47 | 25% | 54% | 21% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 49 | 26% | 53% | 21% | 13% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 45 | 26% | 59% | 16% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | 46 | 21% | 55% | 24% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 50 | 23% | 57% | 20% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jul 2022 | 47 | 25% | 54% | 21% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 45 | 28% | 59% | 14% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jan 2022 | 48 | 18% | 71% | 11% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2022 | 44 | 17% | 77% | 6% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 11 Aug 2020 | 40 | 28% | 67% | 5% | 15% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 38 | 38% | 57% | 5% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 33 | 48% | 48% | 4% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 34 | 53% | 42% | 5% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 33 | 54% | 41% | 5% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 days from invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Invoices in dispute are handled individually as they occur. The AP team works closely with the business contacts who have requested the goods and service and the vendors directly to resolve any disputes promptly. For better and more effective communication and collaboration the vendors were split between AP team members, which helps address the issues to the right people instantly both inside and outside the company.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
JOHNSON & JOHNSON MEDICAL LIMITED is an active private limited company, incorporated on 31 May 1991, based in the Scotland region. Registered business activity: Manufacture of medical and dental instruments and supplies.
From Companies House records.